Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell
History
Ceres Power spun-out from Imperial College London,
after more than 10 years of fundamental research led by Professor Brian Steele, in 2001.
The company was first listed on the London Stock Exchange in November 2004.
Phil Caldwell became the CEO of Ceres Power in September 2013,
The company issued an unexpected revenue warning in December 2023: contract negotiations were taking longer than expected.
Technology
Ceres Steel Cell
The Ceres patented Steel Cell is a Solid oxide fuel cell (SOFC) that can operate on mains natural gas for distributed power generation.
The technology is reversible. In one direction it can generate electricity from multiple fuels; in the other, it can generate green hydrogen at low cost and high efficiencies.
Hydrogen
The UK Hydrogen Strategy cites UK companies including
ITM Power,
Johnson Matthey and Ceres as being at the forefront of hydrogen technology development worldwide.
Ceres is a founding member of the Long Duration Energy Storage Council.
Business Model
Ceres operates a licensing business model and partners with global industry partners to develop clean energy systems and products. Partners include Weichai,
Doosan,
and Shell.
Awards
In July 2023, Ceres was awarded the 2023
MacRobert Award by the Royal Academy of Engineering.
In its award citation, the academy recognised Ceres for its "
ground-breaking fuel cell technology that promises to make a major contribution to decarbonising the world at the scale and pace required to save the planet."
[
] In 2021 Ceres was awarded the Queen’s Award for Enterprise 2021 in the category of International Trade.
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